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Friday, 13 November 15
WEAK CHINA POWER DEMAND DAMPENS COAL CONSUMPTION - FITCH
 The weak growth in China's electricity consumption in 2015, together with increasing non-thermal power generation capacity are exerting more pressure on the thermal coal market, which is already suffering from over capacity, says Fitch Ratings.
Fitch Ratings further says, overcapacity looms in China's power generation industry, with coal-fired power at most risk. China is experiencing the slowest power consumption growth in three decades - power consumption only increased 0.8% yoy during 9M15, largely due to a 0.9% yoy drop in industrial demand that accounts for 70% of overall power usage. Despite weak electricity demand, generation capacity increased by 9.4% yoy in the same period, of which half came from renewable and nuclear generation sources. Coal-fired power supply contracted 2.2% yoy during 9M15. China's total coal consumption in 9M15 was 2.9bn metric tonnes (MT), down 4.6% from the same period last year.
Consumption of coal-fired power is unlikely to increase significantly in the next 12 to 18 months, given our expectation of weaker economic growth in China, as well as the overall reduction in the energy intensity of the Chinese economy.
Furthermore, "we expect significant addition of renewable-energy generation capacity in the medium term, which is likely to further depress utilisation levels of coal-fired power plants in the absence of a substantial pick up in the energy-intensive industries. Some 177GWs of new generation capacity was under construction as of September 2015, or 13% of 2014 total installed capacity; clean energy sources account for just over 50% of this additional capacity.", says Fitch.
China's key thermal coal reference price, the Qinhuangdao 5,500-kilocalorie power coal price, has fallen 30% to CNY360/MT at end-October 2015, from CNY515/MT at the beginning of 2015. Prices have continued to be under pressure despite imports falling 29.8% yoy to 156m MT in 9M15, and domestic production falling 4.3% yoy to 2.7bn MT in 9M15 following production cuts, including cuts by large operators such as China Shenhua Energy Company Limited (A+/Stable) and China Coal Energy Company
Limited.
"We expect sustained low coal prices and the limited potential for further cost cuts to lead to more mine closures, which will bring some balance to the market over the medium-term. This may also lead to some consolidation in the highly fragmented coal mining industry in China, with large players increasing their market share - this is more likely to happen via stronger players sustaining or increasing their production as the weak leave the market, than by strong players acquiring distressed assets."Fitch Concluded.
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Thursday, 05 November 15
INFORMATION EXCHANGE GROUP'S LATAM MINING SECURITY SUMMIT 2016 - INTERNATIONAL CONFERENCE ON TECHNOLOGY SECURITY IN MINING
Press Release: LATAM Mining Security Summit 2016 is a carefully designed event that will bring together the leading stakeholders in the mining sect ...
Wednesday, 04 November 15
MARKET INSIGHT - CHRISTOPHER THOMAS WHITTY
Four companies dominate global iron ore production, namely; BHP Billiton, Vale, Rio Tinto, and Fortescue Metals Group. Together these companies con ...
Wednesday, 04 November 15
FOB RICHARDS BAY COAL SWAPS GAIN W-W AND M-M
COALspot.com: API4 FOB Richards Bay Coal swap for delivery Q4' 2015 gained week over week and month over month.
The Q4 swap was up US$ 1.4 ...
Tuesday, 03 November 15
THE DISCHARGE OF CARGO IN THE PRC WITHOUT ORIGINAL BILLS OF LADING - CLYDE&CO
KNOWLEDGE TO ELEVATE
On occasions, a vessel may arrive at a port and be ready to discharge but the original bills of lading in respect of the ...
Tuesday, 03 November 15
API 5 FOB NEWCASTLE COAL SWAPS DECLINE CONTINUES
COALspot.com: API 5 FOB Newcastle Coal swap for Q4’ 2015 delivery slid $1.84 per ton (4.34%) month over month to US$ 40.54 per ton. The swap ...
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- Pipit Mutiara Jaya. PT, Indonesia
- Kapuas Tunggal Persada - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Deloitte Consulting - India
- GMR Energy Limited - India
- Interocean Group of Companies - India
- Sarangani Energy Corporation, Philippines
- Sree Jayajothi Cements Limited - India
- Meenaskhi Energy Private Limited - India
- Salva Resources Pvt Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Meralco Power Generation, Philippines
- Riau Bara Harum - Indonesia
- Tamil Nadu electricity Board
- Aditya Birla Group - India
- Directorate General of MIneral and Coal - Indonesia
- Port Waratah Coal Services - Australia
- Karaikal Port Pvt Ltd - India
- Independent Power Producers Association of India
- Latin American Coal - Colombia
- Samtan Co., Ltd - South Korea
- Grasim Industreis Ltd - India
- Dalmia Cement Bharat India
- Star Paper Mills Limited - India
- Coastal Gujarat Power Limited - India
- The State Trading Corporation of India Ltd
- Thiess Contractors Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Coalindo Energy - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Xindia Steels Limited - India
- Savvy Resources Ltd - HongKong
- PetroVietnam Power Coal Import and Supply Company
- Jaiprakash Power Ventures ltd
- Baramulti Group, Indonesia
- PowerSource Philippines DevCo
- Jorong Barutama Greston.PT - Indonesia
- Directorate Of Revenue Intelligence - India
- Orica Mining Services - Indonesia
- Sojitz Corporation - Japan
- Energy Development Corp, Philippines
- Simpson Spence & Young - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Mercuria Energy - Indonesia
- Trasteel International SA, Italy
- Therma Luzon, Inc, Philippines
- Global Green Power PLC Corporation, Philippines
- Carbofer General Trading SA - India
- Rashtriya Ispat Nigam Limited - India
- Tata Chemicals Ltd - India
- IHS Mccloskey Coal Group - USA
- Energy Link Ltd, New Zealand
- Global Business Power Corporation, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Thai Mozambique Logistica
- Madhucon Powers Ltd - India
- Central Electricity Authority - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Videocon Industries ltd - India
- Kaltim Prima Coal - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Central Java Power - Indonesia
- Singapore Mercantile Exchange
- Essar Steel Hazira Ltd - India
- South Luzon Thermal Energy Corporation
- Bangladesh Power Developement Board
- SN Aboitiz Power Inc, Philippines
- ICICI Bank Limited - India
- Billiton Holdings Pty Ltd - Australia
- Siam City Cement - Thailand
- India Bulls Power Limited - India
- Semirara Mining Corp, Philippines
- Electricity Authority, New Zealand
- Cigading International Bulk Terminal - Indonesia
- Bukit Baiduri Energy - Indonesia
- International Coal Ventures Pvt Ltd - India
- Sindya Power Generating Company Private Ltd
- The Treasury - Australian Government
- Timah Investasi Mineral - Indoneisa
- Krishnapatnam Port Company Ltd. - India
- Kobexindo Tractors - Indoneisa
- Kumho Petrochemical, South Korea
- Kartika Selabumi Mining - Indonesia
- Ambuja Cements Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Ministry of Mines - Canada
- Larsen & Toubro Limited - India
- Indogreen Group - Indonesia
- Heidelberg Cement - Germany
- Indian Energy Exchange, India
- Lanco Infratech Ltd - India
- Georgia Ports Authority, United States
- Ceylon Electricity Board - Sri Lanka
- Altura Mining Limited, Indonesia
- Ind-Barath Power Infra Limited - India
- GVK Power & Infra Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Indo Tambangraya Megah - Indonesia
- Parry Sugars Refinery, India
- Gujarat Sidhee Cement - India
- Sical Logistics Limited - India
- Gujarat Electricity Regulatory Commission - India
- Edison Trading Spa - Italy
- Bulk Trading Sa - Switzerland
- Electricity Generating Authority of Thailand
- Bharathi Cement Corporation - India
- Indian Oil Corporation Limited
- Barasentosa Lestari - Indonesia
- Banpu Public Company Limited - Thailand
- Attock Cement Pakistan Limited
- Offshore Bulk Terminal Pte Ltd, Singapore
- Binh Thuan Hamico - Vietnam
- AsiaOL BioFuels Corp., Philippines
- Orica Australia Pty. Ltd.
- Straits Asia Resources Limited - Singapore
- Indika Energy - Indonesia
- Sakthi Sugars Limited - India
- Agrawal Coal Company - India
- Australian Coal Association
- Holcim Trading Pte Ltd - Singapore
- Karbindo Abesyapradhi - Indoneisa
- Petron Corporation, Philippines
- Commonwealth Bank - Australia
- Oldendorff Carriers - Singapore
- TeaM Sual Corporation - Philippines
- Medco Energi Mining Internasional
- Gujarat Mineral Development Corp Ltd - India
- Indonesian Coal Mining Association
- Siam City Cement PLC, Thailand
- Uttam Galva Steels Limited - India
- Posco Energy - South Korea
- New Zealand Coal & Carbon
- CIMB Investment Bank - Malaysia
- Eastern Energy - Thailand
- Vedanta Resources Plc - India
- Cement Manufacturers Association - India
- GN Power Mariveles Coal Plant, Philippines
- Bhatia International Limited - India
- Malabar Cements Ltd - India
- Parliament of New Zealand
- GAC Shipping (India) Pvt Ltd
- OPG Power Generation Pvt Ltd - India
- Australian Commodity Traders Exchange
- Vizag Seaport Private Limited - India
- Formosa Plastics Group - Taiwan
- White Energy Company Limited
- Borneo Indobara - Indonesia
- Mjunction Services Limited - India
- Intertek Mineral Services - Indonesia
- Ministry of Transport, Egypt
- Bahari Cakrawala Sebuku - Indonesia
- Iligan Light & Power Inc, Philippines
- Bukit Makmur.PT - Indonesia
- Mintek Dendrill Indonesia
- VISA Power Limited - India
- Manunggal Multi Energi - Indonesia
- Goldman Sachs - Singapore
- San Jose City I Power Corp, Philippines
- Global Coal Blending Company Limited - Australia
- MS Steel International - UAE
- Miang Besar Coal Terminal - Indonesia
- Bhoruka Overseas - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Chamber of Mines of South Africa
- Bhushan Steel Limited - India
- Kepco SPC Power Corporation, Philippines
- Chettinad Cement Corporation Ltd - India
- Standard Chartered Bank - UAE
- Sinarmas Energy and Mining - Indonesia
- Africa Commodities Group - South Africa
- PTC India Limited - India
- Kohat Cement Company Ltd. - Pakistan
- SMG Consultants - Indonesia
- Mercator Lines Limited - India
- Toyota Tsusho Corporation, Japan
- Bukit Asam (Persero) Tbk - Indonesia
- Kideco Jaya Agung - Indonesia
- Marubeni Corporation - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Metalloyd Limited - United Kingdom
- Semirara Mining and Power Corporation, Philippines
- Price Waterhouse Coopers - Russia
- SMC Global Power, Philippines
- Coal and Oil Company - UAE
- LBH Netherlands Bv - Netherlands
- Rio Tinto Coal - Australia
- Economic Council, Georgia
- Wilmar Investment Holdings
- Wood Mackenzie - Singapore
- Eastern Coal Council - USA
- Pendopo Energi Batubara - Indonesia
- ASAPP Information Group - India
- Jindal Steel & Power Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Renaissance Capital - South Africa
- Minerals Council of Australia
- Makarim & Taira - Indonesia
- Merrill Lynch Commodities Europe
- The University of Queensland
- IEA Clean Coal Centre - UK
- PNOC Exploration Corporation - Philippines
- London Commodity Brokers - England
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Aboitiz Power Corporation - Philippines
- Ministry of Finance - Indonesia
- Maheswari Brothers Coal Limited - India
- CNBM International Corporation - China
- Anglo American - United Kingdom
- McConnell Dowell - Australia
- Bayan Resources Tbk. - Indonesia
- Power Finance Corporation Ltd., India
- Antam Resourcindo - Indonesia
- Planning Commission, India
- Asmin Koalindo Tuhup - Indonesia
- Romanian Commodities Exchange
- European Bulk Services B.V. - Netherlands
- Globalindo Alam Lestari - Indonesia
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